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VHFA releases 2017 Annual Report

Posted by: Mia Watson on February 12, 2018 - 2:58pm

2017 was another highly successful year for Vermont Housing Finance Agency.

In fiscal year 2017, VHFA financed $76 million in home mortgages to help 483 households move into affordable homes. VHFA’s programs saved homebuyers an average of $5560 through the ASSIST down payment assistance program and other closing cost savings, enabling many young Vermonters to purchase their first home with less financial strain.

Once again, VHFA was the single largest funding source for the construction and rehabilitation of affordable apartments in Vermont, providing $75 million in housing tax credits and loans to grow and preserve 823 homes for low-income renters.

VHFA continued to serve as a coordinator, advocate, and information resource for partner housing organizations and policy makers to advance its mission to promote affordable housing opportunities for low- and moderate-income Vermonters.

Reflecting staff enthusiasm and commitment to this mission, VHFA was yet again ranked as one of the top five small places to work in Vermont by the Vermont Business Magazine and the Vermont Chamber of Commerce.

Read the full 2017 Annual Report to learn more about VHFA's efforts to increase access to affordable housing in Vermont communities over the last year.